<h2 id="key-points">Key Points</h2>
<ul>
 <li>SUI surged by over 17% today, reaching a market cap of over $2.7 billion.</li>
 <li>Sui just revamped how shared-object transactions are handled.</li>
</ul>
<p>Today, the price of Sui (SUI) recorded a significant surge of more than 17%. At the moment of writing this article, SUI is trading at $1.04, and has a market cap of over $2.7 billion.</p>
<figure id="attachment_50321" aria-describedby="caption-attachment-50321" style="width: 100%" class="wp-caption alignnone"><a href="https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap.jpeg" rel="noopener noreferrer nofollow"><img fetchpriority="high" decoding="async" class="wp-image-50321 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap.jpeg" alt="SUI price in USD today" width="1200" height="800" title="SUI Price Up By 17%, After Tackling Network Congestion 1" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/09/SUI_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-50321" class="wp-caption-text">
  SUI price in USD today
 </figcaption>
</figure>
<p>The other day, the team behind Sui shared an important post via their X account, addressing network congestion issues.</p>
<h2 id="revamping-how-shared-object-transactions-are-handled-on-sui">Revamping How Shared-Object Transactions Are Handled on Sui</h2>
<p>In their post, Sui noted that they take congestion very seriously and this is the reason why they have revamped how shared-object transactions are handled on Sui.</p>
<p>They<a href="https://x.com/SuiNetwork/status/1833981875637158221" rel="noopener noreferrer nofollow" target="_blank"> noted</a> that these adjustments to the Consensus Handler are not just a technical upgrade, but they represent a new strategy to enhance efficiency and availability on Sui.</p>
<p>In an official blog post, Sui details their new and improved congestion control mechanism, how it works, and how it tackles important challenges.</p>
<h2 id="sui-congestion-control">Sui Congestion Control</h2>
<p>In their official<a href="https://blog.sui.io/shared-object-congestion-control/" rel="noopener noreferrer nofollow" target="_blank"> blog post</a>, Sui reveals the new Consensus Handler design which introduces the following two new functions added to validator logic:</p>
<ol>
 <li>The ability to defer transactions – The consensus handler can defer transactions to future consensus commits, managing execution dependencies in checkpoints more effectively.</li>
 <li>Active transaction cancellation – Validators can cancel transactions that have been deferred excessively.</li>
</ol>
<h2 id="what-is-sui-sui">What is Sui (SUI)?</h2>
<p>Sui is an L1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform, according to the team behind the project.</p>
<p>At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.</p>
<p>Sui prioritizes UX by eliminating barriers commonly associated with blockchain interactions.</p>
<p>Here’s how Sui creates a higher standard for UX within Web3:</p>
<ul>
 <li>Innovations like ZkLogin</li>
 <li>Sponsored transactions</li>
 <li>Programmable transaction blocks</li>
</ul>
<p>The <a href="https://crypto.ro/en/cryptocurrencies/sui/" rel="noopener noreferrer nofollow">SUI</a> token is mainly used to secure the network and acts as a unit of account and payment within the network.</p>

SUI Price Up By 17%, After Tackling Network Congestion

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